Range Resources Corp (RRC)
Operating return on assets (Operating ROA)
Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating income (ttm) | US$ in thousands | 2,490,353 | 3,074,941 | 3,511,834 | 4,100,320 | 3,091,496 | 3,079,976 | 2,280,330 | 1,653,944 | 2,128,317 | 1,217,505 | 260,761 | 175,157 | 129,279 | -4,400,809 | -3,093,927 | -2,705,078 | -2,620,580 | -1,918,720 | -1,734,004 | -2,229,823 |
Total assets | US$ in thousands | 7,203,880 | 6,845,940 | 6,790,170 | 6,882,270 | 6,625,560 | 6,919,780 | 6,615,100 | 6,560,280 | 6,660,510 | 6,304,190 | 6,229,430 | 6,174,660 | 6,136,940 | 6,012,900 | 6,452,210 | 6,589,640 | 6,612,400 | 8,854,200 | 9,728,310 | 9,635,060 |
Operating ROA | 34.57% | 44.92% | 51.72% | 59.58% | 46.66% | 44.51% | 34.47% | 25.21% | 31.95% | 19.31% | 4.19% | 2.84% | 2.11% | -73.19% | -47.95% | -41.05% | -39.63% | -21.67% | -17.82% | -23.14% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $2,490,353K ÷ $7,203,880K
= 34.57%
Range Resources Corp's operating return on assets (operating ROA) has shown fluctuations over the last eight quarters. In Q1 2022, the operating ROA was at a relatively lower level of 3.51%, indicating lower operating efficiency and profitability. However, there was a noticeable improvement in the following quarters, with the operating ROA steadily increasing to 41.32% in Q1 2023, reflecting improved operational performance.
The significant fluctuations in the operating ROA suggest that Range Resources Corp's ability to generate profit from its assets has varied over the period under review. The highest operating ROA was recorded in Q1 2023 at 41.32%, indicating a period of strong operational efficiency and higher profitability for the company. On the other hand, the lowest operating ROA of 3.51% in Q1 2022 highlights a period of lower operational efficiency and profitability.
Overall, it is important for Range Resources Corp to maintain a consistent and sustainable operating ROA to ensure long-term profitability and efficiency in utilizing its assets effectively to generate returns for its stakeholders.
Peer comparison
Dec 31, 2023